The consumer electronics major posted a consolidated net profit of Rs 89.7 crore for Q3FY26, down from Rs 320 crore in the same quarter last year. Revenue from operations also slipped 6% YoY to Rs 4,114 crore.
On a sequential basis, revenue declined significantly from Rs 6,174 crore reported in Q2FY26. Total income for the quarter stood at Rs 4,190 crore, down from Rs 4,474 crore a year earlier.
Profit before tax (PBT) came in at Rs 151 crore, sharply lower than Rs 320 crore in Q3FY25. Despite some moderation in input costs, elevated operating expenses weighed on overall profitability.
Total expenses for the quarter were Rs 4,038 crore compared to Rs 4,153 crore in the year-ago period. Cost of materials consumed remained the largest expense component at Rs 2,988 crore, slightly higher than Rs 2,929 crore last year.
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Management commentary
Hong Ju Jeon, MD of LG Electronics India, expressed optimism about upcoming seasonal demand.“As summer approaches, we are well positioned to capture demand for compressor products through our two-track strategy, expanding both premium offerings and the ‘LG Essential’ lineup. We also remain focused on scaling our high-margin AMC business and leveraging B2B infrastructure opportunities,” Jeon said.
He added that rationalisation of US tariffs could further strengthen the company’s “Make India Global” strategy by optimising production to cater to domestic demand while boosting exports.
Stock performance and technical outlook
On Wednesday, LG Electronics shares closed 1.5% lower at Rs 1,519 on the NSE. The company currently commands a market capitalisation of approximately Rs 1.03 lakh crore. The stock has a 52-week high of Rs 1,749 and a 52-week low of Rs 1,325.
From a technical standpoint, the 14-day Relative Strength Index (RSI) stands at 57.7, indicating neutral momentum. RSI below 30 signals oversold conditions, while above 70 suggests overbought levels. The stock is trading above four out of its five key simple moving averages (SMAs), signalling a broadly positive technical setup despite earnings pressure.
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